VW says prosecutors' new probe offers no fresh facts on former CEO

VW said on Monday its own legal examinations of the scandal have to date not brought to light a clear and severe breach of duty by current or former members of the executive board.Reuters | Updated: June 21, 2016, 12:20 IST

The prosecutor's office in Braunschweig near Volkswagen's (VW) Wolfsburg headquarters said earlier on Monday that the probe centered on "sufficient real signs" that VW could have had a reason to disclose the financial consequences of its emissions scandal prior to VW's admission on Sept. 22, 2015.

VW said on Monday its own legal examinations of the scandal have to date not brought to light a clear and severe breach of duty by current or former members of the executive board.

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In 2018, automobile demand remained robust despite the slowdown overcast in the last three months of year. All segments reported strong double-digit growth in the calendar year ending December 31 except passenger vehicles which reported a growth of 5 per cent. Three-wheelers sales grew fastest followed by commercial vehicles, two-wheelers, and passenger vehicles. The overall automobile sales crossed 26.7 million units for the first time.

In 2018, automobile demand remained robust despite the slowdown overcast in the last three months of year. All segments reported strong double-digit growth in the calendar year ending December 31 except passenger vehicles which reported a growth of 5 per cent. Three-wheelers sales grew fastest followed by commercial vehicles, two-wheelers, and passenger vehicles. The overall automobile sales crossed 26.7 million units for the first time.